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To: elmatador who wrote (116308)2/12/2016 10:29:10 AM
From: Pogeu Mahone  Respond to of 217862
 
Only one presidential candidate is reportedly paying interns
Feb 11th 2016 1:42PM

Campaigning for president is a tireless job, not only for the candidates but also for the interns and volunteers who make it all possible. But it turns out it's rare for this year's presidential candidates to pay interns.?

According to an op-ed in The Washington Post, of all the Democratic and Republican candidates, Bernie Sanders is the only one who's giving his interns an hourly wage.

SEE ALSO: 5 insider tips from Tony Robbins' financial adviser

Interestingly, Sanders reportedly pays them just over $10 an hour as he campaigns for a federal minimum wage of $15 an hour. "The United States government should not be the largest low-wage employer. It should be the best employer in America," Sanders said at a rally in 2015.

10 facts you didn't know about Bernie Sanders:

PHOTO GALLERY | 1 of 10 IMAGES


??



1. He's a socialist, and he doesn't deny it. When he ran for office in 1990 he responded to an ad trying to link him to Fidel Castro by saying, "I am a socialist and everyone knows that."


(AP Photo/Toby Talbot, File)

The issue of unpaid internships is especially interesting when it comes to candidates campaigning for higher minimum wages and lower college debt — all while failing to pay their free help.

But why don't more candidates pay their interns? Well, it isn't cheap. Plus, you're also using money that could be spent on ads and other campaign finances that reach wider audiences. Plus, being an intern for a high-profile political candidate can be prestigious — that's partly why some of the application processes are so extensive.

For example, submitting an internship application to join Marco Rubio's campaign — one of the most extensive — requires a resume, cover letter, references and a series of short-answer questions.

The WaPo op-ed reads: "Whoever wins, the next president will likely follow the pipeline of free labor all the way to the White House, where interns are, of course, unpaid. The issue is truly nonpartisan, as neither the Democratic nor Republican national committee pays its interns."

According to the National Association of Colleges and Employers, the average hourly wage for interns can range from $15 to $23 an hour.

RELATED: Bernie Sanders attracts millennials



To: elmatador who wrote (116308)2/12/2016 10:30:56 AM
From: ggersh  Read Replies (1) | Respond to of 217862
 
This was all that was needed, but the powers that be couldn't handle that.

"Had we faced that reality in 2008, the world would have dealt with the fall already"



To: elmatador who wrote (116308)2/12/2016 11:40:21 AM
From: dubad2 Recommendations

Recommended By
elmatador
Tommaso

  Read Replies (2) | Respond to of 217862
 
Haven't faced reality since1989,
at the very least haven't let the markets clear since LTCM.



To: elmatador who wrote (116308)2/12/2016 1:59:29 PM
From: Elroy Jetson1 Recommendation

Recommended By
Fiscally Conservative

  Read Replies (1) | Respond to of 217862
 
In 2008 the world economy discovered they had lost many tens of trillions of Dollars.

Nothing changes that loss of wealth.

Letting those losses become a 35% unemployment rate around the world would have only created larger losses than spending which has prevented that.

Recovery is quicker from a "total collapse" on a percentage basis only because you're starting from a much smaller economic base.